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SBD Global/June 20, 2017/Finance

Tax Authorities Reviewing Real Madrid's Fiscal Situation, El Confidencial Digital Claims

Spanish publication El Confidencial Digital reported Spain's tax authorities launched a "meticulous review" of Real Madrid's fiscal situation, according to MUNDO DEPORTIVO. Sources close to the tax authorities said that the club is being investigated for "income tax since Jan. '15; IVA since July '14 and corporate tax since '14-15." The club's statement last week supporting Cristiano Ronaldo, who faces tax fraud accusations, "caused indignation" among the tax authorities. A source said, "[Real] Madrid and [club President] Florentino [Pérez] have gone too far in their reaction" (MUNDO DEPORTIVO, 6/19).

PÉREZ RE-ELECTED: ESPN.com's Samuel Marsden reported Pérez will "remain as Real Madrid president for another four years after no other candidates stepped forward to run against him." He called an election on June 8, with June 18 "the deadline for prospective opposition candidates to announce they would compete for the presidency." Not one club member "decided to launch a campaign during that 10-day period, though." Pérez was first elected in '00 (ESPN.com, 6/19). In Madrid, Elsa Martín reported Pérez has spent over €1B ($1.1B) to "help bring in 19 titles." Since he came to the presidency in the '00-01 season, only Ramón Calderón (from '06-09) has "punctured" Pérez's reign at the club. To date, he has invested a total of €1.31B ($1.46B). Seven of the 19 titles were won in his first term -- from '00-01 through '05-06 -- and 12 more have arrived since '09-10 (MARCA, 6/19).
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